Overview and Scope
The SSD controller include electronic devices that link flash memory components to host SSD input or output interfaces or computers. Using an SSD controller, the integrated CPU delivers outstanding performance while requiring minimal power. SSD controllers are electrical components that are also included within a single integrated circuit (IC). SSD controller embedded processors employ microcontrollers with 16 or 32 bits.
Sizing and Forecast
The ssd controllers market size has grown rapidly in recent years. It will grow from <b>$26.97 billion in 2023 to $31.67 billion in 2024 at a compound annual growth rate (CAGR) of 17.5%. </b> The growth in the historic period can be attributed to increasing demand for ssds, performance demands, consumer electronics, data center growth, cost reductions.
The ssd controllers market size is expected to see rapid growth in the next few years. It will grow to <b>$54.6 billion in 2028 at a compound annual growth rate (CAGR) of 14.6%. </b> The growth in the forecast period can be attributed to emerging memory technologies, international expansion and emerging markets, 5g and edge computing, smart manufacturing and iot, standardization and industry initiatives. Major trends in the forecast period include nvme adoption, qlc nand support, pcie 4.0 and 5.0 support, ai and machine learning integration,qlc nand support.
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Segmentation & Regional Insights
The ssd controllers market covered in this report is segmented –
1) By Type: Single Level Cell, Multi Level Cell, Triple Level Cell
2) By Storage: SATA, SAS, PCIe
3) By End-User: Enterprise, Automotive, Industrial, Other End-Users
<b>North America</b> was the largest region in the SSD controllers market in 2023. <b>Asia-Pacific</b> is expected to be the fastest-growing region in the SSD controllers market share during the forecast period. The regions covered in the ssd controllers market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The increasing demand for cloud-based data centers is expected to propel the growth of the SSD controllers market. A cloud data center relocates a typical on-premise data center to a different location. An enterprise rents infrastructure maintained by a third-party partner and accesses data center resources through the Internet rather than maintaining its infrastructure. Increasing demand for data centers leads to the need for data storage, resulting in the demand for SSD controllers. For example, in October 2021, Amazon Web Services (AWS) spent $35 billion on cloud computing infrastructure in Northern Virginia, highlighting the huge impact data centers can have on regional economies. According to the United States International Trade Commission (USITC), as of January 2021, there were around 8,000 data centers in the world. The United States (33% of the total), the United Kingdom (5.7%), Germany (5.5%), China (5.2%), Canada (3.3%), and the Netherlands (3.4%) are the nations with the most data centers. Therefore, the increasing demand for cloud-based data centers is driving the SSD controllers market.
Key Industry Players
Major companies operating in the ssd controllers market include <b> Marvell Technology Group Ltd., Samsung Electronics Co. Ltd., Intel Corporation, Toshiba Corporation, Western Digital Corporation, Micron Technology Inc., NetApp Inc., International Business Machines Corporation (IBM), Phison Electronics Corporation, Silicon Motion Technology Corporation, Fusion-io Inc., Seagate Technology LLC, Microsemi Corporation, Mushkin Inc., Lexar Media Inc., G.Skill International Enterprise Co. Ltd., Violin Memory Inc., Corsair Components Inc., Best IT World (India) Pvt. Ltd., CNEX Labs Inc., Greenliant Systems Ltd., Hyperstone GmbH, Kioxia Corporation (formerly Toshiba Memory Corporation), SK hynix Inc., Realtek Semiconductor Corp., ADATA Technology Co. Ltd., Kingston Technology Corporation, Synopsys Inc., NXP Semiconductors N.V. </b>
The ssd controllers market report table of contents includes:
1. Executive Summary
2. SSD Controllers Market Characteristics
3. SSD Controllers Market Trends And Strategies
4. SSD Controllers Market – Macro Economic Scenario
5. Global SSD Controllers Market Size and Growth
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26. South America SSD Controllers Market
27. Brazil SSD Controllers Market
28. Middle East SSD Controllers Market
29. Africa SSD Controllers Market
30. SSD Controllers Market Competitive Landscape And Company Profiles
Top Major Players:
- Marvell Technology Group Ltd
- Samsung Electronics Co. Ltd
- Intel Corporation
- Toshiba Corporation
- Western Digital Corporation
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